Bad Timing

For a batsman (cricketer), timing is very important. If you can hit the ball at the right moment then you don't need all your power to hit the ball out of the park. This rule works for tennis too. This rule also works for careers. Now, take my case for instance. Graduating from MBA (in Finance)at a time when the biggest banks on Wall Street are falling like a pack of cards. America and possibly the world is facing its worst economic crisis in decades. If I had graduated in a boom period (like I did after my engineering), I wouldn't have to use even half of my power or energy to search for an elusive job.

So what can we do to prevent bad timing. Nothing much, its not hard to predict when the market will plunge into recession. Well, I say that because if you note recession and boom periods in last two decades we can observe that they come after every 5 to 6 year periods. However, what is harder to predict is which sector will be the worst affected. Late last century it was the IT industry and now it is the financial sector.

Now let me become an astrologer and predict when will the boom period be back. I say, it will be 2011-2012 and that would last till 2016. Which sector will be next to crash? I think the media industry. Ask me the reason and I will tell you I don't know why!